Knife River Corp (KNF) shareholders
KNFNYSEMining & Quarrying of Nonmetallic Minerals (No Fuels)Fiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Nov 3, 2026Score 8/304% above fair value
$56.30−0.38 (-0.67%)
Close on Nov 13, 2026Market cap $3.20BP/E 23.0Yield –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
96.7%
55M of 57M shares
Institutional holders
391
43 new, 31 sold out
Net institutional buying
0M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 6,707,973 | 11.90% | 13G (passive) amendment | Dec 31, 2023 |
| T. Rowe Price Associates, Inc. | 6,133,996 | 10.80% | 13G (passive) amendment | Sep 30, 2026 |
| Capital World Investors | 3,244,201 | 5.70% | 13G (passive) | Jun 30, 2026 |
| Vanguard Capital Management | 2,979,706 | 5.25% | 13G (passive) | Mar 31, 2026 |
| Vanguard Portfolio Management | 2,870,086 | 5.05% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of KNF | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 7,290,232 | 12.84% | $609.83M | +318,399 | 0.01% |
| Price T Rowe Associates Inc /Md/ | 5,116,421 | 9.01% | $427.99M | +619,137 | 0.04% |
| Capital World Investors | 3,244,201 | 5.72% | $271.38M | +600,717 | 0.03% |
| Vanguard Portfolio Management LLC | 2,815,143 | 4.96% | $235.49M | +73,057 | 0.01% |
| Baillie Gifford & Co | 2,739,232 | 4.83% | $229.14M | +70,984 | 0.21% |
| Vanguard Capital Management LLC | 2,562,120 | 4.51% | $214.32M | +16,230 | 0.00% |
| State Street Corp | 2,154,853 | 3.80% | $180.25M | +97,684 | 0.01% |
| Dimensional Fund Advisors LP | 1,790,209 | 3.15% | $149.76M | +325,519 | 0.03% |
| Geode Capital Management, LLC | 1,523,250 | 2.68% | $127.44M | +91,528 | 0.01% |
| UBS Group AG | 1,486,688 | 2.62% | $124.36M | −854,709 | 0.02% |
| Neuberger Berman Group LLC | 1,412,674 | 2.49% | $118.17M | +279,610 | 0.08% |
| Capital Research Global Investors | 1,289,282 | 2.27% | $107.85M | −469,086 | 0.02% |
| T. Rowe Price Investment Management, Inc. | 1,083,278 | 1.91% | $90.62M | −43,435 | 0.06% |
| Morgan Stanley | 1,069,907 | 1.88% | $89.50M | −320,120 | 0.00% |
| Goldman Sachs Group Inc | 1,011,540 | 1.78% | $84.62M | +162,087 | 0.01% |
| Barrow Hanley Mewhinney & Strauss LLC | 851,516 | 1.50% | $71.23M | −1,199,273 | 0.22% |
| Westwood Holdings Group Inc | 814,324 | 1.43% | $68.12M | −84,078 | 0.51% |
| Nomura Asset Management International Inc. | 754,866 | 1.33% | $63.15M | +177,597 | 0.09% |
| Northern Trust Corp | 729,778 | 1.29% | $61.05M | +29,087 | 0.01% |
| Charles Schwab Investment Management Inc | 693,197 | 1.22% | $57.99M | +11,505 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 391 | 55M | 96.7% | 43 / 128 | 136 / 31 | 5M | 4M |
| Q1 2026 | 387 | 54M | 96.0% | 55 / 126 | 109 / 43 | 14M | 5M |
| Q4 2025 | 382 | 52M | 91.3% | 61 / 120 | 126 / 64 | 7M | 7M |
| Q3 2025 | 392 | 52M | 91.1% | 40 / 113 | 155 / 53 | 7M | 8M |
| Q2 2025 | 412 | 53M | 93.3% | 46 / 135 | 151 / 57 | 5M | 4M |
| Q1 2025 | 430 | 52M | 91.7% | 59 / 142 | 147 / 39 | 6M | 3M |
| Q4 2024 | 418 | 50M | 87.2% | 76 / 144 | 116 / 44 | 7M | 3M |
| Q3 2024 | 393 | 46M | 81.9% | 61 / 130 | 122 / 39 | 12M | 4M |
| Q2 2024 | 376 | 46M | 81.3% | 49 / 120 | 128 / 50 | 4M | 5M |
| Q1 2024 | 381 | 47M | 82.3% | 65 / 117 | 122 / 34 | 5M | 5M |
| Q4 2023 | 353 | 47M | 82.3% | 76 / 120 | 83 / 29 | 11M | 5M |
| Q3 2023 | 308 | 41M | 71.6% | 63 / 86 | 89 / 41 | 6M | 4M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
363 funds held KNF in Q2 2026, 39% of their shares through ETFs. Each fund counts once per quarter, from its quarter-end report.
| Fund | Shares | % of KNF | Value | % of fund | As of |
|---|---|---|---|---|---|
| SMALLCAP World Fund Inc | 4,413,362 | 7.78% | $369.18M | 0.39% | Jun 30, 2026 |
| iShares Core S&P Mid-Cap ETF | 1,940,422 | 3.42% | $162.32M | 0.13% | Jun 30, 2026 |
| Vanguard U.S. Growth Fund | 1,871,532 | 3.30% | $146.93M | 0.31% | May 31, 2026 |
| Vanguard Total Stock Market Index Fund | 1,805,350 | 3.18% | $151.02M | 0.01% | Jun 30, 2026 |
| T. Rowe Price Mid-Cap Value Fund, Inc. | 1,585,726 | 2.79% | $132.65M | 0.81% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 1,490,487 | 2.63% | $124.68M | 0.15% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 1,302,055 | 2.29% | $108.92M | 0.06% | Jun 30, 2026 |
| Neuberger Genesis Fund | 687,736 | 1.21% | $53.99M | 0.73% | May 31, 2026 |
| Vanguard Extended Market Index Fund | 651,440 | 1.15% | $54.49M | 0.06% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 634,279 | 1.12% | $46.41M | 0.14% | Jul 31, 2026 |
| Fidelity Small Cap Value Fund | 586,373 | 1.03% | $42.90M | 0.78% | Jul 31, 2026 |
| iShares Russell 2000 Growth ETF | 536,071 | 0.94% | $44.84M | 0.29% | Jun 30, 2026 |
| T. Rowe Price Integrated U.S. Small-Cap Growth Equity Fund | 508,906 | 0.90% | $42.57M | 0.43% | Jun 30, 2026 |
| Global X U.S. Infrastructure Development ETF | 490,868 | 0.86% | $38.54M | 0.28% | May 31, 2026 |
| Vanguard Small-Cap Value Index Fund | 412,255 | 0.73% | $34.49M | 0.05% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Brian R. Gray | President & CEO, Director | 92,912 | 0.16% | Mar 9, 2026 |
| Peggy S. Rebstock | VP, CAO and Controller | 1,908 | 0.00% | May 21, 2026 |
| Karl A. Liepitz | VP, Chief Legal Officer & Sec. | 46,209 | 0.08% | Mar 5, 2026 |
| Nathan W. Ring | Vice President & CFO | 32,932 | 0.06% | Mar 5, 2026 |
| Trevor J. Hastings | Vice President & COO | 48,244 | 0.08% | Mar 5, 2026 |
| Glenn R. Pladsen | VP & Chief Excellence Officer | 25,580 | 0.05% | Mar 5, 2026 |
| Marney L. Kadrmas | VP & Chief Accounting Officer | 7,377 | 0.01% | Mar 5, 2026 |
| Sarah L. LaChapelle | VP & Chief People Officer | 6,476 | 0.01% | Mar 5, 2026 |
| Nancy K. Christenson | VP of Administration | 47,109 | 0.08% | Mar 3, 2025 |
| Karen B. Fagg | Director | 33,317 | 0.06% | Oct 1, 2026 |
| Patricia L. Moss | Director | 31,874 | 0.06% | May 21, 2026 |
| Thomas W. Hill | Director | 5,496 | 0.01% | May 21, 2026 |
| German Carmona-Alvarez | Director | 9,025 | 0.02% | May 21, 2026 |
| Patricia Chiodo | Director | 5,553 | 0.01% | May 21, 2026 |
| William J. Sandbrook | Director | 7,735 | 0.01% | May 21, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| German Carmona-Alvarez Director | May 20, 2026 | Award | +2,040 | – | – | 9,025 |
| Thomas W. Hill Director | May 20, 2026 | Award | +2,040 | – | – | 5,496 |
| Patricia Chiodo Director | May 20, 2026 | Award | +2,040 | – | – | 5,553 |
| Patricia L. Moss Director | May 20, 2026 | Award | +2,040 | – | – | 31,874 |
| Karen B. Fagg Director | May 20, 2026 | Award | +2,380 | – | – | 33,317 |
| William J. Sandbrook Director | May 20, 2026 | Award | +2,040 | – | – | 7,735 |
| Brian R. Gray President & CEO, Director | Mar 6, 2026 | Award | +20,955 | – | – | 84,747 |
| Glenn R. Pladsen VP & Chief Excellence Officer | Mar 4, 2026 | Award | +2,950 | – | – | 22,094 |
| Marney L. Kadrmas VP & Chief Accounting Officer | Mar 4, 2026 | Award | +1,199 | – | – | 4,917 |
| Trevor J. Hastings Vice President & COO | Mar 4, 2026 | Award | +6,130 | – | – | 46,760 |
| Karl A. Liepitz VP, Chief Legal Officer & Sec. | Mar 4, 2026 | Award | +4,611 | – | – | 44,312 |
| Nathan W. Ring Vice President & CFO | Mar 4, 2026 | Award | +5,211 | – | – | 30,530 |
| Sarah L. LaChapelle VP & Chief People Officer | Mar 4, 2026 | Award | +2,713 | – | – | 4,578 |
| Nathan W. Ring Vice President & CFO | Feb 12, 2026 | Tax withholding | −4,336 | $81.74 | $354.42K | 25,319 |
| Nathan W. Ring Vice President & CFO | Feb 12, 2026 | Tax withholding | −1,922 | $81.74 | $157.10K | 29,655 |
| Trevor J. Hastings Vice President & COO | Feb 12, 2026 | Tax withholding | −4,599 | $81.74 | $375.92K | 40,630 |
| Trevor J. Hastings Vice President & COO | Feb 12, 2026 | Tax withholding | −2,880 | $81.74 | $235.41K | 45,229 |
| Marney L. Kadrmas VP & Chief Accounting Officer | Feb 12, 2026 | Tax withholding | −1,232 | $81.74 | $100.70K | 3,718 |
| Brian R. Gray President & CEO, Director | Feb 12, 2026 | Tax withholding | −10,072 | $81.74 | $823.29K | 83,364 |
| Brian R. Gray President & CEO, Director | Feb 12, 2026 | Tax withholding | −19,572 | $81.74 | $1.60M | 63,792 |
| Glenn R. Pladsen VP & Chief Excellence Officer | Feb 12, 2026 | Tax withholding | −1,385 | $81.74 | $113.21K | 20,713 |
| Glenn R. Pladsen VP & Chief Excellence Officer | Feb 12, 2026 | Tax withholding | −1,569 | $81.74 | $128.25K | 19,144 |
| Karl A. Liepitz VP, Chief Legal Officer & Sec. | Feb 12, 2026 | Tax withholding | −8,648 | $81.74 | $706.89K | 39,701 |
| Thomas W. Hill Director | May 22, 2025 | Award | +1,551 | – | – | 3,456 |
| William J. Sandbrook Director | May 22, 2025 | Award | +1,551 | – | – | 5,695 |
| Patricia Chiodo Director | May 22, 2025 | Award | +1,551 | – | – | 3,513 |
| Karen B. Fagg Director | May 22, 2025 | Award | +1,810 | – | – | 30,937 |
| German Carmona-Alvarez Director | May 22, 2025 | Award | +1,551 | – | – | 6,985 |
| Patricia L. Moss Director | May 22, 2025 | Award | +1,551 | – | – | 29,834 |
| Brian R. Gray President & CEO, Director | Feb 28, 2025 | Award | +12,599 | – | – | 93,436 |
| Karl A. Liepitz VP, Chief Legal Officer & Sec. | Feb 27, 2025 | Tax withholding | −7,083 | $94.73 | $670.97K | 48,349 |
| Karl A. Liepitz VP, Chief Legal Officer & Sec. | Feb 27, 2025 | Award | +2,770 | – | – | 55,432 |
| Trevor J. Hastings Vice President & COO | Feb 27, 2025 | Tax withholding | −4,016 | $94.73 | $380.44K | 48,109 |
| Trevor J. Hastings Vice President & COO | Feb 27, 2025 | Award | +3,114 | – | – | 52,125 |
| Nathan W. Ring Vice President & CFO | Feb 27, 2025 | Tax withholding | −1,698 | $94.73 | $160.85K | 31,577 |
| Nathan W. Ring Vice President & CFO | Feb 27, 2025 | Award | +3,114 | – | – | 33,275 |
| Nancy K. Christenson VP of Administration | Feb 27, 2025 | Tax withholding | −1,583 | $94.73 | $149.96K | 25,776 |
| Marney L. Kadrmas VP & Chief Accounting Officer | Feb 27, 2025 | Award | +709 | – | – | 4,950 |
| Glenn R. Pladsen VP & Chief Excellence Officer | Feb 27, 2025 | Tax withholding | −1,292 | $94.73 | $122.39K | 22,098 |
| Glenn R. Pladsen VP & Chief Excellence Officer | Feb 27, 2025 | Award | +1,786 | – | – | 23,390 |
| Patricia Chiodo Director | Jun 27, 2024 | Award | +1,962 | – | – | 1,962 |
| Thomas W. Hill Director | May 15, 2024 | Award | +1,905 | – | – | 1,905 |
| German Carmona-Alvarez Director | May 15, 2024 | Award | +1,905 | – | – | 4,714 |
| German Carmona-Alvarez Director | May 15, 2024 | Award | +720 | $77.19 | $55.58K | 5,434 |
| William J. Sandbrook Director | May 15, 2024 | Award | +720 | $77.19 | $55.58K | 4,144 |
| William J. Sandbrook Director | May 15, 2024 | Award | +1,905 | – | – | 3,424 |
| Patricia L. Moss Director | May 15, 2024 | Award | +1,905 | – | – | 27,563 |
| Patricia L. Moss Director | May 15, 2024 | Award | +720 | $77.19 | $55.58K | 28,283 |
| Karen B. Fagg Director | May 15, 2024 | Award | +841 | $77.19 | $64.92K | 29,127 |
| Karen B. Fagg Director | May 15, 2024 | Award | +2,222 | – | – | 28,286 |
| Brian R. Gray President & CEO, Director | Feb 29, 2024 | Buy | +1 | $73.65 | $74 | 8,167 |
| Brian R. Gray President & CEO, Director | Feb 22, 2024 | Award | +17,769 | – | – | 80,837 |
| Nathan W. Ring Vice President & CFO | Feb 22, 2024 | Tax withholding | −1,508 | $72.55 | $109.41K | 30,160 |
| Nathan W. Ring Vice President & CFO | Feb 22, 2024 | Award | +4,805 | – | – | 31,668 |
| Nancy K. Christenson VP of Administration | Feb 22, 2024 | Award | +2,153 | – | – | 28,739 |
| Nancy K. Christenson VP of Administration | Feb 22, 2024 | Tax withholding | −1,380 | $72.55 | $100.12K | 27,359 |
| Karl A. Liepitz VP, Chief Legal Officer & Sec. | Feb 22, 2024 | Award | +4,348 | – | – | 57,904 |
| Karl A. Liepitz VP, Chief Legal Officer & Sec. | Feb 22, 2024 | Tax withholding | −5,243 | $72.55 | $380.38K | 52,661 |
| Marney L. Kadrmas Chief Accounting Officer | Feb 22, 2024 | Award | +1,050 | – | – | 4,241 |
| Trevor J. Hastings Vice President & COO | Feb 22, 2024 | Tax withholding | −3,280 | $72.55 | $237.96K | 49,010 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Short interest
Shares sold short and not yet bought back, as of Oct 30, 2026 (FINRA, reported twice a month)
Short % of float
7.22%
4M shares short
Days to cover
6.2
At 1M shares a day
Change since last report
-5.1%
From 4M shares
Short volume, 20 days
61.2%
Of volume reported to FINRA
Shares sold short, last 12 months
Short sale volume counts trades marked short on any given day, including market-maker hedging, so it runs far higher than the share of Knife River's stock actually held short. Settlement fails (shares not delivered on time) peaked at 24,477 shares on Sep 21, 2026 over the last 90 days.
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